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Despite launching incentives to push for EV adoption, it seems that the current government’s policies have not addressed a major blindspot.

Alice  |  SG
Published 2021-03-02 13:43:05
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The electric vehicles (EV) market in Singapore is currently gaining massive traction, fuelled by the clear commitment of the government and major players to electrify mobility and install charging points across the nation.

Clear goals have been set by the government, with up to 60,000 charging stations to be deployed by 2030 and plans to phase out internal combustion engine (ICE) vehicles by 2040.

Back in 2018, Singapore had introduced the vehicular emissions scheme for cars and taxis, which allows car buyers and taxi operators who choose cleaner car models to receive an upfront rebate of up to $20,000 and $30,000 respectively. 

In the recent Budget 2021 announcement, Minister Heng Swee Keat announced that Singapore will be setting aside S$30 million over the next five years for EV-related projects and initiatives, such as measures to improve charging provision on private premises.

Starting in 2021, those who purchase electric cars and taxis will receive a rebate up to 45 per cent on the additional registration fee (ARF), capped at S$20,000. Road tax for electric vehicles will also be lowered.

 
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